While the Department of Justice continues its primer course on private equity, some individual shareholders are taking action against perceived abuses.
Three people have filed what they hope to be a class-action lawsuit against 13 private equity firms, for allegedly violating federal antitrust laws. The plaintiffs are/were shareholders in such companies as HCA, Harrah’s and Univision.
Defendants include Apollo Management, Bain Capital, Blackstone Group, Carlyle Group Clayton, Dubilier & Rice, Madison Dearborn Partners, Merrill Lynch, Providence Equity Partners, Silver Lake Partners, Texas Pacific Group, Thomas H. Lee Partners and Warburg Pincus.
Read the complaint: Murphy v Kohlberg.pdf